Strong market activity in Danville for February with 42 new listings and 43 pending sales. The market is picking up momentum.
0:00: Hey everybody, Its Doug Buenz your Danville CA Real estate specialist with 680 group at Venture Sotheby’s in 680homes.com. This is the Danville California market update for March 7,2017.
0:17: Wow! Market’s hoppin’! Thru the end of February, there were 42 new listings in Danville- that’s down 4.5% percent from January and there were 43 pending sales which is up a whopping 72% from January so strong market activity in Danville as we enter the spring.
0:41: As of today, there’s 50 houses on the market so still a constrained inventory market. Stop me if you’ve heard that before.
0:48: The average price per sq ft for the closed sales in February in Danville was $487 a sq ft. that’s up by 9.4% from last month. Nice indicator strength there.
1:03: The average days on the market for sales in February in Danville was 34 days on the market, that’s down by 26% from the closed sales in January. Another indicator that the market’s picking up some momentum.
1:18: The average sales price to list price ratio is 98% which is up 2%. For homes that closed on February they sold on an average of 98% at the asking price which is up from from 96% in January. Another indicator that the market’s picking up some strength.
1:36: The median home price is a $1, 000, 190. Danville remains a fairly expensive community and certainly very desirable and thats up 1% for the median price in January.
1:51: As always be sure to share this with your friends and we invite you comment on this video. As always if we can help you or someone you know with your Danville CA real estate needs.Please give us a call,its Danville Realtors, we’re here to help. Our phone number is 925463 2000 or you can, of course, visit our website at 680homes.com. That’s it for now, Doug Buenz at 680 group have a great day!